Development of DeFi solutions
DEFI SOLUTIONS
They act as a more affordable alternative to the many financial services that are in high demand among the public: investing, risk management, credit, escrow, insurance.
The constant improvement of DE-FI financing leads to the breakdown of the familiar model of the financial system, despite its significant shortcomings. As a result, financial processes have been greatly accelerated because they have been automated through smart contracts. Intermediaries can no longer be used, and fraudsters are no longer feared, since all transactions are completely transparent and their verification and execution is done autonomously.
As early as 12 years ago, the concepts of "bitcoin" and "blockchain" appeared, which was a breakthrough in the development of financial technology.
DECENTRALIZED EXCHANGES
DE-FI has brought back the popularity of decentralized exchanges (DEX). They operate on blockchain, and no tokens or user data are stored on their servers. Essentially, these exchanges are a platform linking buy and sell orders together. Here are examples of rather unusual DEXs:
Radar Relay
This is a decentralized platform where token exchange is supported, it is possible to open long and short positions with leverage, as well as to deposit ETH, DAI, USDC under %.
Uniswap DeFi
It is both a DEX and a decentralized protocol on Etherium that facilitates token exchange through an automated market-making model.
1inch.exchange
It is a DEX aggregator that splits a trade order between non-custodial platforms in order to reduce slippage and find the right value.
MDEX
MDEX claims to be a "big DeFi ecosystem." The ease of use and what they offer their customers has provided great growth, developed by Huobi.
DE-FI IN PLAIN LANGUAGE
As soon as all markets collapsed at the beginning of spring 2020, decentralized finance instantly attracted the attention of interested people, but not many people understood the essence of this phenomenon. At first, all analogues of usual financial instruments, which were present in decentralized architecture, were called so. Today, it is already a publicly available ecosystem consisting of applications based on public blockchains, mostly based on Ethereum, and decentralized services.
The goal of decentralized finance is to create a financial system that is accessible to any user, that does not require their trust and application on the principles of self-sufficiency. Some conservatives consider this aspect as a drawback, but it makes one feel responsible for DE-FI investments.
THE DIFFERENCE BETWEEN DE-FI AND FINTECH
If you don't look too closely, it would seem that decentralized finance is similar to financial technology or FinTech, which is also aimed at improving services. But the difference is that FinTech uses the familiar financial infrastructure as a support, while DE-FI has new components.
A case in point is the well-known Fintech service for international payments, TransferWise. Even considering that the commission on the service is much lower than that of banking institutions, it still uses bank accounts and other infrastructure that may have already become obsolete. The popularity of TransferWise is due to the fact that having bank accounts in many countries around the world simplifies the process of transferring funds. When a user sends someone money to another country, this service takes it for itself, and the recipient gets the funds written off from his account opened in that country. Due to this, transactions are fast, which allows you to reduce the commission.
Now let's take Dai with its DE-FI transfer. In this case, the user does not trust his funds to a bank or Fintech company. Instead of these intermediaries, Dai transactions are verified by ether miners, which then incorporate them into new blocks of Etherium. It costs 1 $ to process a transaction, and the process takes about seconds. That's how long it takes to create a single block that records all transactions that have been verified.
After that, it will be possible to send Dai to the recipient, who must have a wallet that supports ERC-20 Etherium tokens. The person's place of residence does not matter, they will receive the tokens in 15 seconds even if their country has an outdated financial system or is under sanctions.
SCOPE OF DE-FI
Given that decentralized finance is an affordable alternative to many financial services, anyone with the ability to go online and with minimal knowledge of tokens will be able to log into DE-FI to manage their assets through it. To make this possible, developers have created about a hundred new DE-FI projects with their own protocols, services and peer-to-peer networks.
When the specialists of our company take DE-FI, ios development, testing of mobile applications, or the creation of a messenger for android, the first thing they do is make a detailed terms of reference. Without this document no project can be created.
STABLCOINS
The first projects where DE-FI was applied were those where there were stabelcoins, the rate of which depends on raw materials, fiat currency or an exchange commodity. Therefore, all the units of stabelcoin that have been issued have a reserve held in a vault. The value of the U.S. currency-linked staplecoins is provided by the issuer itself, and the process of buying and selling them involves AML/KYC procedures.
There is also another type of crypto-projects, an example of which is MakerDAO and the protocol on Etherium. There is a native DAI stabelcoin and it is possible to issue your own stabelcoins via the DE-FI protocol. Their issuance resembles the issue of money that is backed by gold, only in this case, ether is used. The user sends a certain amount of approved ERC-20 tokens or ETH to a smart contract. This is what produces the new Stablecoin.
PREDICTION MARKETS
Also in their niche were peer-to-peer prediction markets - platforms that allow betting on all kinds of events, such as elections, Eurovision and others. They are in many ways similar to bookmakers. It is these markets are often interested in the development of ios applications and the creation of an environment for the development of android applications.
Among them are the following:
- Augur is a platform for creating peer-to-peer prediction markets and at the same time an oracle on Etherium, of a decentralized kind. It is based on a collective intelligence that predicts the outcome of an upcoming event, and users bet on it.
- The Gnosis platform contains four products: Conditional Tokens, Protocol, Safe and GnosisDAO.
DECENTRALIZED SERVICES
In addition to the DE-FI services mentioned before, there are a number of other areas that are part of decentralized finance:
- Entertainment platforms;
- Decentralized autonomous organizations;
- Marketplaces;
- DE-FI credit;
- Payments and banking;
- Decentralized insurance;
- Supply of liquidity;
- Management and storage of DeFi assets.
If we talk about those services and applications that are already involved in decentralized finance, the following should be mentioned:
1. Daohaus (DeFi DAO)
There are about forty different DAOs available on this site before you join them. You can also create your own DAO on Moloch. This is an open source framework. DEFI DAO strives to be a user-friendly service and tries to minimize coordination costs to zero.
2. Aave (DeFi-Loans)
This is the protocol through which DE-FI tokens are borrowed at interest. It is also possible to borrow ethers and 21 types of tokens, which include stabelcoin. Lenders put their own tokens in the liquidity pool, and borrowers take out a DE-FI loan based on the terms that are right for them. The interest rate is not constant and changes every 15 seconds as new blocks of Etherium are created.
3. Etherisc (insurance)
On this DE-FI platform it is possible to create insurance products and collaborate with other users. In addition to the platform itself, there are 2 more layers: a general insurance framework and a decentralized insurance protocol. The goal here is to make insurance fairer and more accessible through transparency. Buying and selling insurance on Etherisc is more efficient because of low transaction costs.
4. Huobi Wallet (asset management)
It is a multicurrency wallet equipped with a dApp-browser with a simple interface that any user will appreciate, especially if he is new to this area. More than a thousand tokens, multi-signatures and coin stacking are supported. The employees of the service guarantee the safety of funds, which is confirmed by a number of patents on data security, including isolation and encryption.
5. Ramp Network (banking and payments)
It is a payment gateway that allows you to buy BTC, DAI, DOT, ETH, STAKE, USDC almost instantly through a bank account or card. The creators of the Ramp network stand for open financial transactions, and the service itself complies with the law and regulatory rules. It is possible to integrate with mobile applications.
6. District0x (marketplace network)
This is a whole network of communities and decentralized marketplaces working with Etherium. It allows you to easily coordinate peer-to-peer marketplaces and group management. Developers are offered the d0xINFRA framework to create DeFi marketplaces or communities using smart contracts and frontend libraries.
The company works at affordable prices in different areas. We go towards the customer.
We value your time and we do it quickly. It's important to us that you get a solution on time.
Our team is up to any task. We are always ready to do modern and give a quality guarantee!
The company works at affordable prices in different areas. We go towards the customer.
We value your time and we do it quickly. It's important to us that you get a solution on time.
Our team is up to any task. We are always ready to do modern and give a quality guarantee!
The company works at affordable prices in different areas. We go towards the customer.
We value your time and we do it quickly. It's important to us that you get a solution on time.
Our team is up to any task. We are always ready to do modern and give a quality guarantee!
BENEFITS
This year, attention to DE-FI projects is not diminishing. The same happened in 2017 with ICO and two years later with IEO. The emergence of such excitement is associated with a solid number of advantages, which will be described in detail below.
LACK OF CENTRALIZATION
One of the main advantages of DE-FI is considered to be its extreme decentralization. The very fact that the crypto project is managed through smart contracts, rather than by real management, speaks volumes.
ACCESS
DE-FI offers the opportunity to enter the global economy to those who previously could not use financial services for themselves. There are about 1.5 billion people on the planet who do not have access to bank services, in other words, they do not have a bank account or a card of any kind. There are many reasons for this, but the main one is that many people are unable to provide the documents required by financial institutions. In addition, in some countries it is very difficult to collect the required number of credit points. And in some countries, bank branches are located exclusively in capital cities.
EARNING POTENTIAL
Using DE-FI not only allows you to maintain a stable price-performance ratio, but also gives you the opportunity to generate income from your existing assets. For example, you can place assets, open a savings account with high interest, etc.
FINANCIAL CONTROL
With decentralized finances, you manage your own funds. With DE-FI services and organizations like MakerDAO, you have 24/7 control over your finances. No government official can suddenly lock you out of your dApp, close your account, or withdraw your assets.
TRANSPARENCY
In DE-FI you can get all the information, which will allow you to choose a safe service or project without leaving your gadget. If in real life you need to take out a loan, you will need to walk through lenders, comparing the interest rates offered, in order to confirm the accuracy of the data and the absence of hidden fees. In DE-FI everything is much easier - the necessary information is on the service. It is absolutely transparent and available to the user.
In addition, any businessman who uses DE-FI will receive such benefits:
- global availability;
- interest on the part of investors;
- reliable smart contracts;
- high level of security;
- programmable
Do you need to develop a DeFi solution? Contact us! SSL LLC will create you a solution of any complexity - from Stablecoin to DeFi-application or DeFi-Platform. To get started, all you have to do is contact us. Then, already in a personal correspondence, we will discuss all the details, consult on any issues, and immediately begin the project.
What do our clients think of our work?
The reviews were published with the permission of the customers according to p.c. of the site
Advantages of our company
We thoroughly study the problems, consider them from all sides and quickly collect the necessary information. Then we discuss the specifics of each problem with clients and together with them make a work plan, taking into account all the wishes of customers.
There are more than 20 specialists in our team. Most of the team members have higher technical education and have been working in IT for more than three years. And we'll always answer if you have questions or need help.
We help to solve any problem related to IT: we develop programs and applications, issue tokens and develop blockchain networks. Our clients are companies, offices, small and medium-sized businesses, and financial organizations.
We develop programs in popular programming languages: Python, C++, JavaScript. That's why we can create universal solutions for any of your tasks: whether it's a program for the office, a database, an application or a blockchain network.
We are engaged in comprehensive support of ready-made products. We can extend the functionality of ready-made programs and applications, if necessary. We can also help if you need to add something to your ready-made program.
After developing a program or creating a blockchain network, we help you understand how to effectively manage the product. We support customers and help them achieve their goals with our applications.
We take a professional approach to problem solving. We create tokens and help clients bring them to market, help you create your own blockchain for your tokens. We can help if you need to configure the management of tokens you already have.
We turn any of your IT ideas into a finished working project. We have released a large number of programs and applications, provided support to a wide variety of clients and earned their trust. They turn to us for problem solving.
We develop our own blockchain networks for companies. Our programmers have excellent knowledge of Python, C++, JavaScript and can work with any storage systems. We can create a secure network or application to store any data.
We thoroughly study the problems, consider them from all sides and quickly collect the necessary information. Then we discuss the specifics of each problem with our clients, taking into account all the wishes of customers.
There are more than 20 specialists in our team. Most of the team members have higher technical education and have been working in IT for more than three years. And we'll always answer if you have questions or need help.
We develop programs in popular programming languages: Python, C++, JavaScript. That's why we can create universal solutions for any of your tasks: whether it's a program for the office, a database, an application or a blockchain network.
We help to solve any problem related to IT: we develop programs and applications, issue tokens and develop blockchain networks. Our clients are companies, offices, small and medium-sized businesses, and financial organizations.
We are engaged in comprehensive support of ready-made products. We can extend the functionality of ready-made programs and applications, if necessary. We can also help if you need to add something to your ready-made program.
After developing a program or creating a blockchain network, we help you understand how to effectively manage the product. We support customers and help them achieve their goals with our applications.
We develop our own blockchain networks for companies. Our programmers have excellent knowledge of Python, C++, JavaScript and can work with any storage systems. We can create a secure network or storage application.
We turn any of your IT ideas into a finished working project. We have released a large number of programs and applications, provided support to a wide variety of clients and earned their trust. They turn to us for problem solving.
We thoroughly study the problems, consider them from all sides and quickly collect the necessary information. Then we discuss the specifics of each problem with clients and together with them make a work plan, taking into account all the wishes of customers.
There are more than 20 specialists in our team. Most of the team members have higher technical education and have been working in IT for more than three years. And we'll always answer if you have questions or need help.
We help to solve any problem related to IT: we develop programs and applications, issue tokens and develop blockchain networks. Our clients are companies, offices, small and medium-sized businesses, and financial organizations.
After developing a program or creating a blockchain network, we help you understand how to effectively manage the product. We support customers and help them achieve their goals with our applications.
We develop programs in popular programming languages: Python, C++, JavaScript. That's why we can create universal solutions for any of your tasks: whether it's a program for the office, a database, an application or a blockchain network.
We take a professional approach to problem solving. We create tokens and help clients bring them to market, help you create your own blockchain for your tokens. We can help if you need to configure the management of tokens you already have.
We are engaged in comprehensive support of ready-made products. We can extend the functionality of ready-made programs and applications, if necessary. We can also help if you need to add something to your ready-made program.
We develop our own blockchain networks for companies. Our programmers have excellent knowledge of Python, C++, JavaScript and can work with any storage systems. We can create a secure network or application to store any data.
We turn any of your IT ideas into a finished working project. We have released a large number of programs and applications, provided support to a wide variety of clients and earned their trust. They turn to us for problem solving.